New proposed parameters for emergency wage subsidy that would be in place until December
These proposed changes would increase the budgeted cost of the wage subsidy program to $68.5 billion. These new changes would increase the cost of the wage subsidy program to $68.5 billion. This would set the maximum base subsidy rate at 40 percent for this period, and the maximum top-up subsidy rate would remain at 25 percent. RELATED: Trudeau government promises wage subsidy extension, changes to CEBA, BCAP in throne speechThe program is currently using the three-month revenue-decline test for the top-up subsidy. The government intends to introduce legislation that would implement the extended wage subsidy but did not specify when.